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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ (61,805,268) $ 204,277,575 $ 75,755,922 $ 142,705,467
Realized gain (loss) on closed OTC commodity swap contracts (41,699,515) 67,005,805 3,001,359 35,089,069
Change in unrealized gain (loss) on open commodity futures contracts (45,194,602) 68,423,986 4,993,638 28,130,433
Change in unrealized gain (loss) on open OTC commodity swap contracts 293 (301) (25) 1,994
Dividend income 5,312,002 4,228,144 13,747,799 13,778,420
Interest income 10,522,882 13,682,856 35,244,400 38,746,316
ETF transaction fees 89,000 106,000 297,000 272,000
Total Income (Loss) (132,775,208) 357,724,065 133,040,093 258,723,699
Expenses        
General Partner management fees (Note 3) 1,431,839 1,684,104 4,506,030 5,343,348
Professional fees 722,894 551,058 2,177,822 1,590,702
Brokerage commissions 368,938 160,574 1,110,080 521,688
Directors' fees and insurance 103,790 184,717 322,894 572,326
License fees 47,728 56,137 150,201 178,112
Total Expenses 2,675,189 2,636,590 8,267,027 8,206,176
Net Income (Loss) $ (135,450,397) [1] $ 355,087,475 [1] $ 124,773,066 $ 250,517,523
Net Income (Loss) per limited partner share $ (9.77) $ 17.11 $ 2.95 $ 10.70
Net Income (Loss) per weighted average limited partner share $ (7.98) $ 17.45 $ 6.96 $ 10.74
Weighted average limited partner shares outstanding 16,975,777 20,344,255 17,936,377 23,315,178
[1] General Partners’ shares outstanding and capital for the periods presented were zero.